Q2 2018 EPS Estimates for HollyFrontier Corporation Reduced by Analyst (HFC)
HollyFrontier Corporation (NYSE:HFC) – Equities researchers at US Capital Advisors decreased their Q2 2018 earnings per share (EPS) estimates for HollyFrontier Corporation in a note issued to investors on Thursday. US Capital Advisors analyst C. Weiland now forecasts that the oil and gas company will earn $0.57 per share for the quarter, down from their prior estimate of $0.59. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for HollyFrontier Corporation’s Q3 2018 earnings at $0.68 EPS.
HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.20. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s revenue was up 27.4% on a year-over-year basis.
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Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Simmons reiterated a “neutral” rating and issued a $25.00 price objective (down previously from $27.00) on shares of HollyFrontier Corporation in a report on Wednesday, July 12th. Scotiabank set a $29.00 price objective on shares of HollyFrontier Corporation and gave the stock a “hold” rating in a report on Monday, June 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $38.00 price objective (up previously from $36.00) on shares of HollyFrontier Corporation in a report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $30.32.
HollyFrontier Corporation (HFC) traded up 0.675% during mid-day trading on Friday, hitting $27.605. The stock had a trading volume of 332,463 shares. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 35.032 and a beta of 1.24. The company has a 50 day moving average price of $28.20 and a 200-day moving average price of $27.62. HollyFrontier Corporation has a one year low of $22.63 and a one year high of $34.78.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of HollyFrontier Corporation by 7,017.5% in the first quarter. BlackRock Inc. now owns 21,293,640 shares of the oil and gas company’s stock worth $603,462,000 after buying an additional 20,994,466 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of HollyFrontier Corporation by 129.6% in the second quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock worth $115,495,000 after buying an additional 2,373,560 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of HollyFrontier Corporation by 130.5% in the first quarter. Alliancebernstein L.P. now owns 3,475,785 shares of the oil and gas company’s stock worth $98,504,000 after buying an additional 1,967,907 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of HollyFrontier Corporation by 57.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,295,800 shares of the oil and gas company’s stock worth $150,077,000 after buying an additional 1,926,908 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of HollyFrontier Corporation by 256.6% in the first quarter. Ameriprise Financial Inc. now owns 1,979,489 shares of the oil and gas company’s stock worth $56,099,000 after buying an additional 1,424,358 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.81%. The ex-dividend date is Monday, August 21st. HollyFrontier Corporation’s dividend payout ratio (DPR) is 167.09%.
About HollyFrontier Corporation
HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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